Investment of € 10 million in Move Energy Fund I accelerates electrification and energy storage

Invest-NL has invested € 10 million in Move Energy Fund I, a venture capital fund focused on reducing CO₂ emissions in the energy, transport, and construction sectors. This investment follows an initial funding round led by Pon Holdings in December 2023. With this contribution, Invest-NL is accelerating the transition to a carbon-neutral economy.

The energy, transport, and construction sectors together account for 55 percent of global CO₂ emissions. With a target fund size of € 100 million, Move Energy Fund I focuses on technology-driven companies working on electrification and energy storage. These technologies play a key role in decarbonization and the development of an integrated energy system. In such a system, various energy sources and technologies are efficiently connected to generate, store, distribute, and consume energy.

“Our investment in Move Energy Fund I perfectly aligns with our mission to accelerate the energy transition,” says Tim van Vledder, senior investment manager at Invest-NL. “By investing in companies active in electrification and energy storage, we support innovative solutions for a climate-neutral future. The Move Energy team combines thorough venture capital expertise with years of experience in the energy market. We look forward to collaborating with them and amplifying their impact.”

Invest-NL’s involvement in the fund will also attract other investors, further boosting the fund's growth. This fits within Invest-NL’s strategy to mobilize capital for sustainable innovation in the Netherlands. As the National Promotional Institute, we are committed to the energy transition and achieving the goals of the Climate Agreement.

(This page was translated with the help of A.I.)